Commercial Invoices Attestation by UAE MOFA
Understanding the New Commercial Invoice Attestation Requirements in UAE
The UAE has always been a hub for international trade and business. With recent changes in regulations, understanding the new requirements for commercial invoice attestation is crucial for businesses involved in import activities. As of February 1, 2023, following cabinet resolution number 38 of 2022, it has become mandatory to attest import invoices worth AED 10,000 and above. This blog aims to guide you through this new requirement and how Amazon Attestation Services can assist you in this process.
Commercial invoice attestation is the process of certifying the authenticity of invoices by the Ministry of Foreign Affairs and International Cooperation (MOFAIC) in the UAE. This attestation is necessary for the legal recognition of the documents related to international trade.
New Regulations for Commercial Invoice Attestation
- Mandatory Attestation: All import invoices valued at AED 10,000 and above must be attested.
- Authority: The attestation is carried out by the MOFAIC.
- Cost: The cost for attesting each commercial invoice is AED 150 to 2060.+Services fee
- Grace Period: Importers are given a grace period of 14 days post the declaration of goods to comply with the attestation requirement.
- Penalty for Non-Compliance: Failure to attest within the grace period will result in a penalty of AED 500 per invoice.